Common use of Term of the Pledge Clause in Contracts

Term of the Pledge. 3.1 This Pledge shall become effective on such date when the pledge of the equity interest contemplated herein is registered with competent authority of Administration for Industry and Commerce (“AIC”). The Pledge shall continue until all Contractual Obligations have been fully performed by the Pledgors and the Company and all Secured Indebtedness have been paid in full, or all of the Transaction Agreements have been terminated or turned invalid, or the Contractual Obligations have been terminated for legal reasons.

Term of the Pledge. 3.1 This The Pledge shall become effective on such date when the pledge of the equity interest Equity Interest contemplated herein is registered with competent authority of Administration the relevant administration for Industry industry and Commerce commerce (the “AIC”). The Pledge shall continue remain effective until all Contractual Contract Obligations have been fully performed by the Pledgors and the Company and or all Secured Indebtedness have has been paid fully paid. The Pledgor and Party C shall (1) register the Pledge in fullthe shareholders’ register of Party C within 3 business days following the execution of this Agreement, or all and (2) submit an application to the AIC for the registration of the Transaction Agreements have been terminated or turned invalid, or Pledge of the Contractual Obligations have been terminated for legal reasons.Equity

Term of the Pledge. 3.1 This Pledge shall become effective on such date when the pledge of the equity interest contemplated herein is registered with a competent authority of the Administration for Industry and Commerce (“AIC”). The Pledge shall continue until all Contractual Obligations have been fully performed by the Pledgors and the Company and all Secured Indebtedness have been paid in full, or all of the Transaction Agreements have been terminated or turned invalid, or the Contractual Obligations have been terminated for legal reasons.